DXY Intra Day Play 03.06.2024

3 thg 6

On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700.

The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks.

I am keen on seeing this breakout continue as it will give me further conifrnation to enter sells on EUR/USD which has broke below the asian low and has now found itself adncing below the 200ema.

Chart:

I am also keen on seeing this corrolate with Gold and Silver who are also both showing signs of trading below last week's POC levels

Silver:

Gold:

This will make it a rather interesting start to the week,,, especially if the PMI results do come back as forecasted at 49.8 or even stronger this afternoon when the US Market opens up.

Hope you have a great day and that your screens are green.

Let me know what you guys think.

Happy Trading.